William J. Bennett has said: Home is a shelter from storms – all sorts of storms. Actually it’s the only place where you feel secure and you are just yourself. Home is family, affection, memories. Owning a home means freedom and a chance to leave a heritage to your children, heritage much more meaningful than a bank account, because it keeps precious moments and stories of a lifetime.
But as our home is a shelter as the process of buying a new house can turn into a real storm. So many decisions to be made, so many factors to consider and here comes the confusion that a close often cause bad financial transactions. That’s why to avoid them you should be aware of the top 15 must-ask questions when buying a house. Getting answers of these questions will prevent you from financial risks and poor choices and also help you to buy the home of your dreams.
- Is this the right time for you to buy a new home?
- Why is the house for sale?
- How long has it been on the market?
- What does exactly include the final price?
- Is there a possibility for negotiations on the price?
- Is the property in good condition and how has it been maintained?
- What do you want to know about the house – the roof condition, recently made major works, what is the foundation, regular cleaning issues and so on
- What are the biggest disadvantages of the property and could you accept them?
- How long have the owners lived there?
- What improvements and renovations should be made and how much it will cost?
- Have post tenancy cleaning, mould and other inspections been performed? When?
- What is the local neighborhood – is there any good schools?
- What are the crime rates in the area?
- Should you apply for mortgage?
Remember – buying a home is maybe the biggest deal of your life. If you have tight budget, think financially, not emotionally!